Keppel, Ørsted in Offshore Substation Pact

OE Staff
Tuesday, November 30, 2021

Singapore's Keppel Offshore & Marine has signed a framework agreement with offshore wind industry giant Ørsted for future offshore substation (OSS) projects.

"The agreement is part of a strategic initiative to strengthen the long-term partnership of the two companies and streamline processes for future OSS projects. This follows Keppel O&M’s recent completion of its first project for Ørsted in Singapore in September 2021 – two OSS for Taiwan’s Greater Changhua 1 & 2a offshore wind farms," Keppel said.

Worth noting, just a week ago, Keppel Offshore & Marine secured a contract from an undisclosed renewable energy company to build two offshore substation topsides (OSS) worth around S$110 million (around 73,4 million U.S. dollars).

Keppel, for years referred to as offshore drilling rig builder, has been increasing its offshore wind focus, and not just in the space of offshore substations. 

The company, which said earlier this year it would exit the offshore drilling rig business, is currently building the U.S. first wind turbine installation vessel, Charybdis, for Dominion Energy.

Keppel on Tuesday cited Global Wind Energy Council’s 2021 Offshore Wind Report, according to which offshore wind has the biggest growth potential of any renewable energy technology. 

According to the report, 235 GW of new offshore wind capacity is forecasted to be installed over the next decade under current policies, a capacity which is seven times bigger than the current market size, and is a 15 percent increase on the previous year’s forecasts.  

Categories: Offshore Energy Renewable Energy Industry News Offshore Wind Activity Asia

Related Stories

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

CNOOC Finds Oil and Gas in South China Sea

EnQuest Acquires Harbour Energy’s Vietnamese Assets

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Current News

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com